Poland launches tax-favoured personal investment accounts from 2027

From 1 January 2027 individuals in Poland can save through a new wrapper — the personal investment account (osobiste konto inwestycyjne, OKI)Sejm — created by the ustawa z dnia 3 lipca 2026 r. o osobistych kontach inwestycyjnychSkwp. Income earned on assets gathered in an OKI falls outside personal income taxSejm; instead the account bears a dedicated asset-value tax (podatek od wartości aktywów)Sejm with statutory exemptions of up to 100 000 zł a yearSejm. Advisers should start mapping clients' savings into the new wrapper now.

An OKI is a ring-fenced account or register kept by an OKI financial institution (bank krajowy, brokerage, investment fund, voluntary pension fund or insurer): a bank savings or term-deposit account, a securities and cash account, a unit-linked insurance account, an investment-fund register entry, or a voluntary pension fund account. Only one individual invests through a given OKI, the contract requires age 18, and one investor may hold more than one OKI — including under a single umbrella agreement (umowa parasolowa) with an OKI coordinator.

The tax mechanics replace PIT on the wrapped income. The act amends the PIT act so that revenue from OKI assets sits outside income taxSejm, and taxes instead the value of OKI assetsSejm. The base is the sum of average asset values across all of the taxpayer's OKIs in the tax yearSejm, valued daily; the rate tracks 19% of the National Bank of Poland reference rate as of 31 October of the prior yearSejmSejm (floored at 0.1%)Sejm, announced each year by 30 November. For the launch year 2027 the rate is fixed at 0.85%Sejm.

The exemptions carry the planning value. Exempt up to 25 000 zł of average annual value are conservative holdings — złoty bank cash outside structured deposits, Treasury savings bonds, low-risk retail packaged products, Treasury bills, and złoty cash and receivables on the servicing cash account — and exempt up to 100 000 zł are fund units, złoty-denominated bonds (other than structured bonds), mortgage bonds, shares and subscription rights of companies with złoty-denominated capital, and złoty cash and receivables on other cash accounts. Total exempt average value cannot exceed 100 000 zł in a yearSejm, with the conservative basket applied firstSejm; the amounts are indexed annually to consumer-price inflation from the 2030 tax year.

Compliance runs through e-Urząd Skarbowy. The OKI institution files a named annual account report for each taxpayer with the tax office by the end of February of the following yearSejm, and the taxpayer's return on average OKI asset value and tax due is filed only through the e-Tax Office accountSejm. The label “osobiste konto inwestycyjne” and the abbreviation OKI are legally reserved to authorised OKI institutions.

Legal basis: the ustawa z dnia 3 lipca 2026 r. o osobistych kontach inwestycyjnychSkwp, entering into force on 1 January 2027Sejm, with the 2027 asset-value tax rate of 0.85%Sejm.